Bangladesh Bank (BB) has revised the duration of interbank transactions for April 5-7.
Despite the government holiday for Eid-ul-Fitr during this period, branches of scheduled banks in the readymade garments industrial areas will remain open to facilitate payment of garment workers' salaries, Eid bonuses, allowances, and export-import activities.
As per a BB circular issued today, the presentment cut-off time for high-value clearing through the Bangladesh Automated Clearing House (BACH) will be at 10:30 am, with the return cut-off time set at 12:00 pm.
For regular value clearing, the presentment cut-off time will be 11:00 am, while the return cut-off time is 1:30 pm.
The existing time for BEFTN (Bangladesh Electronic Funds Transfer Network) will remain unchanged.
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